Showing 1 - 10 of 2,186
Persistent link: https://www.econbiz.de/10003386555
We examine the strategic behavior of leaders and followers in sequential duopoly experimentsin which followers either perfectly observe the leaders’ actions or else observe nothing. Ourexperiments show that consistent with the theory, leaders enjoy a greater first-mover advantagewhen followers...
Persistent link: https://www.econbiz.de/10005867079
Persistent link: https://www.econbiz.de/10004779246
Persistent link: https://www.econbiz.de/10001659628
We examine the strategic behavior of leaders and followers in sequential duopoly experiments in which followers either perfectly observe the leaders’ actions or else observe nothing. Our experiments show that consistent with the theory, leaders enjoy a greater …rst-mover advantage when...
Persistent link: https://www.econbiz.de/10005765127
Persistent link: https://www.econbiz.de/10008222370
Direct transfers allow heirs to freely use what has been passed on to them. Bequeathers who do not trust their descendants to make proper use of the fortune may prefer investing it in a safe foundation, thereby limiting their descendants’ autonomy. In our study we compare experimentally these...
Persistent link: https://www.econbiz.de/10005866700
We report on a research program that employs the indirect evolutionary approach to analyze how the institutional environment drives the evolution of trust and trustworthiness through the evolution of moral preferences, and how in turn the evolution of preferences shapes the evolution of the...
Persistent link: https://www.econbiz.de/10005845210
This paper focuses on egocentric biases in financial decisions. Subjects first design a portfolio, whereby each combination of assets yields the same expected return and variance of returns. (...)
Persistent link: https://www.econbiz.de/10005845214
We examine the behavior of senders and receivers in the context of oligopoly limit pricing experiments in which high prices chosen by two privately informed incumbents may signal to a potential entrant that the industry-wide costs are high and that entry is unprofitable. The results provide...
Persistent link: https://www.econbiz.de/10005066720